A bill to amend the Internal Revenue Code to decrease the limitation on deductions for medical expense to 2 percent of adjusted gross income, to eliminate the 1-percent limitation on deductions for drugs and medicine and to include the entire deduction for medical insurance within the 2-percent limitation.

Summary

Decreases the limitation on deductions for medical expenses under the Internal Revenue Code to 2 percent of adjusted gross income. Includes the entire deduction for medical insurance within the 2-percent limitation. Eliminates the 1-percent limitation on deductions for drugs and medicine.

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Documents

1 official file

• Introduced in House

  summary · EN · 1 August 1975

  Open at official source

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